157 Lee St, Santa Cruz, CA 95060

$1,895,000
3,072
SqFt
List Price
$1,895,000
MLS#
ML81897700
Status
ACTIVE
Zoning
R3
Sqft. of Residence
3,072
Lot Size
7,579
Listing Area
East Santa Cruz

Property Description

157 Lee Street is a charming and well-located community situated in the city of Santa Cruz, California. This apartment complex has been meticulously well-maintained and properly managed by the current ownership. Situated 2.5 miles from the famous Santa Cruz Beach Boardwalk, 157 Lee Street offers an investor or resident an easily accessible location, a desirable unit-mix, a flexible rent controlled market, and a location that will benefit new investors with consistent cash flow and asset appreciation for many years to come. Additionally, this community has a net rentable square footage of 3,072 (per county records) and accommodates an attractive unit-mix of four two bedroom/one-bath units. Santa Cruz is considered a major city along the California Pacific Coast and will continue to expand its economic and social infrastructure due to close proximity to major technology and agricultural institutions in Northern California.

Additional Information

Acres
0.174
Age
50
Cooling System
None
Foundation
Concrete Perimeter
Garage Parking
Covered Parking, On Street
Heating System
Wall Furnace
Living Area
3,072
Lot Size
7,579
Neighborhood
East Santa Cruz
Other Utilities
Individual Electric Meters, Individual Gas Meters
Roof
Composition
Sewer
Sewer Connected
Special Features
None
Total Number Of Units
4
Unincorporated Yn
Yes
Zoning
R3

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Jimmy Castellanos from Marcus & Millichap

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